Does It Make Sense To Add Life Insurance Policies In Investment Portfolio?

Life insurance serves a dual purpose, offering both financial protection and a potential avenue for investment growth. The reasons for buying a life insurance policy might vary for every individual, but the objective would still remain constant—securing financial stability for ourselves and our loved ones. Personal finance often conjures up images of high income, wealth-building, and achieving various financial goals. While investing in multibagger stocks or smart investment products can help grow wealth, one important aspect that is often overlooked is risk management. Every sound financial plan should prepare you for the worst-case scenario. Risk management is the art of efficiently handling risks to improve the chances of achieving financial goals, no matter what the challenges arise. In the realm of portfolio planning, one of the most significant risks is death. You can...